Loan approvals that once required several business days now close in minutes. For direct lenders, automation has become both a competitive differentiator and a cost-control strategy. Algorithms now ...

Cash flow loans can be fast and easy to qualify for, but they tend to have higher interest rates than other business loans.

Zions Bancorp has taken a $50 million charge-off to cover two loans taken out by borrowers facing legal actions. Several banks and lenders have pressed legal actions against parties that appear to be ...

GM Financial sold $2 billion of prime auto loans in a private deal last quarter, an uncommon move for the company, according to people familiar with the matter. The sale, managed by Goldman Sachs, ...

Google launched its new video model Veo 3.1 with improved audio output, granular editing controls, and better output for image to video. It said that Veo 3.1 builds on May’s Veo 3 release and ...

(Reuters) -Bank of America's syndicated loans to First Brands are secured by strong collateral, while Morgan Stanley has no exposure to the bankrupt U.S. auto parts supplier, the banks' top executives ...

JPMorgan Chase & Co. Chief Executive Jamie Dimon warned Tuesday that when it comes to bad loans, if there’s one, more are likely to emerge, especially if the economy weakens. The banking giant JPM ...

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The US leveraged loan market is under pressure with its second pulled deal in a week, the latest being drugmaker Mallinckrodt's $1.49 billion offering. Demand for risky debt has softened due to ...